The Singing Machine Company
Cash Flow
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Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of The Singing Machine Company generated cash of -$330,272, which is more than the previous year. Cash used in financing activities reached the amount of $1,178,092 last year. Net change in cash is therefore $604,091.
Cash Flow
| 2014 | 64.42K | -352.71K | -10.60K |
|---|---|---|---|
| 2015 | -1.10M | 102.44K | -234.30K |
| 2016 | 2.55M | -135.81K | -416.01K |
| 2017 | 1.01M | -148.22K | -679.41K |
| 2018 | -709.99K | -257.46K | -524.06K |
| 2019 | 187.45K | -288.74K | -501.21K |
| 2020 | 444.76K | -517.54K | 206.57K |
| 2021 | 171.01K | -201.16K | 81.52K |
| 2022 | -2.01M | -117.57K | 4.02M |
| 2023 | -330.27K | -243.72K | 1.17M |
MICS Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 2.29M | 396.57K | 345.2K | 211.40K | 813.90K | 2.30M | 2.11M | 116.28K | 1.35M | 1.65M |
Operating activities | ||||||||||
Net income | -4.63M | 230.47K | 2.17M | -2.85M | 631.54K | 152.48K | 1.70M | 1.70M | 170.15K | 1.00M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 228.00K | 245.89K | 298.35K | 269.10K | 259.66K | 219.96K | 166.02K | 171.78K | 130.25K | 168.13K |
Stock-based compensation expense | 382K | 44K | 22.71K | 32.50K | 52.42K | 211.50K | 63.74K | 24.21K | 46.30K | 107.35K |
| Deferred income tax benefit | 382K | 44K | 22.71K | 32.50K | 52.42K | 211.50K | 63.74K | 24.21K | 46.30K | 107.35K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 579.65K | -622.29K | -139.54K | -188.52K | 196.65K | -517.99K | -355.13K | 207.33K | -512.28K | 152.76K |
Inventories | 3.98M | -8.39M | 1.90M | -1.75M | 2.53M | -2.21M | -1.67M | 3.41M | -1.40M | -1.83M |
Accounts payable | -3.51M | 2.51M | -3.19M | 4.19M | -772.04K | 232.87K | 659.65K | -2.04M | 849.10K | 782.95K |
Cash generated by operating activities | -330.27K | -2.01M | 171.01K | 444.76K | 187.45K | -709.99K | 1.01M | 2.55M | -1.10M | 64.42K |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -243.72K | -117.57K | -201.16K | -517.54K | -288.74K | -257.46K | -148.22K | -135.81K | -35.6K | -214.67K |
Acquisitions Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by investing activities | -243.72K | -117.57K | -201.16K | -517.54K | -288.74K | -257.46K | -148.22K | -135.81K | 102.44K | -352.71K |
Financing activities | ||||||||||
Common Stock Issued | 3.39M | 9.00M | 26.4K | 10.2K | 10.4K | 0 | 18.28K | 0 | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | -7.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | -2.93M | 2.20M | -379.96K | -171.16K | -511.61K | -1.48M | -697.69K | -416.01K | -12.07K | -10.60K |
Cash used in financing activities | 1.17M | 4.02M | 81.52K | 206.57K | -501.21K | -524.06K | -679.41K | -416.01K | -234.30K | -10.60K |
Net Change In Cash | 604.09K | 1.89M | 51.37K | 133.79K | -602.5K | -1.49M | 188.94K | 2.00M | -1.23M | -298.89K |
Cash at end of period | 2.89M | 2.29M | 396.57K | 345.2K | 211.40K | 813.90K | 2.30M | 2.11M | 116.28K | 1.35M |
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